Refer to the following figure when answering the following questions.
Figure 9.2: U.S. Output Fluctuations 1960-2015 
-Consider Figure 9.2. In approximately what years did the U.S. economy experience its longest economic downturn, using the text's definition of a recessionary gap?
Definitions:
Consumer Demand
The desire for particular goods or services supported by the capacity to purchase them.
Price
The amount of money expected, required, or given in payment for something.
Variety
The quality or state of being different or diverse; the absence of uniformity or monotony.
Materials Productivity
A measure of how efficiently materials are utilized to produce goods and services.
Q11: After the Fed began to raise the
Q32: According to the text, the slope of
Q32: Consider Figure 12.16. Explain how misunderstanding potential
Q46: If the production function is given by
Q51: According to the permanent-income and life-cycle hypotheses,
Q72: Assume a production function is given by
Q107: The Solow model assumes the:<br>A) capital stock
Q110: If you decide to buy a house
Q110: In growth accounting, if we subtract the
Q113: If we write the consumption function as